Amneal Pharmaceuticals (P.) Ltd. v. ACIT (2023) 295 Taxman 197 (Guj.)(HC)

S. 147 : Reassessment-With in four years-Special economic zones-Explanation was furnished in the course of assessment proceedings-Notice and order disposing the objection is quashed.[S.10AA, 148, Art. 226]

Allowing the petition the Court held that the Assessing Officer in  response to a notice under section 142 having been satisfied with explanation given by assessee passed an assessment order, accepting explanation tendered by assessee. The  notice and order disposing of objections is  quashed and set aside.  (AY. 2017-18)